Global Growth, LLC entered into a business combination agreement to acquire Quadro Acquisition One Corp. (NasdaqCM:QDRO) from Quadro Sponsor LLC and others for $2.3 billion in a reverse merger transaction on January 12, 2024. As consideration for the Merger, QDRO shall issue an aggregate of 208,715,500 shares of its Class A Common Stock. The surviving company is expected to hire Prashant Upadhyaya as its Chief Executive Officer. In case of termination, Global Growth must pay QDRO a termination fee in cash in an aggregate amount of $2.5 million.

Transaction is subject to various conditions, including court approval as described below, approval of Quadro SPAC?s stockholders and the approval of the stockholders of the Global Growth, and other customary closing conditions, including the filing of Quadro SPAC?s registration statement and it being declared effective by the U.S. Securities and Exchange Commission (the ?SEC?), the net tangible assets of QDRO being valued at $5,000,0001 or more after giving effect to the closing of the Merger and any related financing transactions; and receipt of governmental and other approvals. Transaction has been unanimously approved by the Board of Directors of QDRO and Global Growth, LLC. The business combination is expected to be completed later this year.

Tammara Fort and Samara Thomas of The Crone Law Group acted as legal advisor to Global Growth. Louis A. Bevilacqua of Bevilacqua PLLC acted as legal advisor to QDRO.

Global Growth, LLC cancelled the acquisition of Quadro Acquisition One Corp. (NasdaqCM:QDRO) from Quadro Sponsor LLC and others in a reverse merger transaction on May 1, 2024.